ENTERPRISE' DEVELOPMENT AND INTERNATIONALIZATION AS A MAJOR FACTOR TOWARDS ECONOMIC GROWTH OF NORTH MACEDONIA

Hasani-Limani, Vjollca and Tairi, Harun (2022) ENTERPRISE' DEVELOPMENT AND INTERNATIONALIZATION AS A MAJOR FACTOR TOWARDS ECONOMIC GROWTH OF NORTH MACEDONIA. International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 9 (17-18). pp. 158-169. ISSN 2545-4544

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Abstract

This paper analyses the importance and role of micro, small and medium enterprises (MSMEs) in economic growth of North Macedonia, considering all the parameters and factors involved in this type of correlation. The sectors in which MSMEs operate are included as variables of the econometric model, in order to prove that enhancement of MSMEs activity and internationalization across these sectors will positively affect GDP growth. The results obtained from the Pairwise correlation matrix, confirm a positive correlation between the variables employed in the econometric model. The hypothesis is tested via OLS regression. These results are encouraging future studies, as they show that development of MSMEs concentrated in these sectors have great potential to contribute to the growth of the local economy.

Item Type:	Article
Uncontrolled Keywords:	Economic growth; MSMEs; Internationalization; Sectorial growth.
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	21 Oct 2022 12:33
Last Modified:	21 Oct 2022 12:33
URI:	http://eprints.unite.edu.mk/id/eprint/1026

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